Tag Archives: general fund

As South Carolinians’ income shrinks, state agency surpluses grow

September 3, 2020

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By RICK BRUNDRETT The S.C. Department of Commerce started fiscal 2021 with a $103.1 million general-fund surplus – more than double its reserves from a year ago. The S.C. House of Representatives had a $23.7 million surplus as of July 1 for its 124-member chamber – nearly $1 million more than its entire budget, records […]

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S.C. agencies sitting on nearly $500M in taxpayer funds

September 6, 2018

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By RICK BRUNDRETT As S.C. lawmakers plan to push a massive borrowing bill next year, they likely won’t publicly talk about the fat reserves that some state agencies have accumulated – including their own chambers. State agencies collectively carried over about $484.5 million in general funds into the fiscal year that started July 1, according […]

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